SEC Form 4 · accession 0001407682-17-000080
RUDOLPH TECHNOLOGIES INC · RTEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael P Plisinski
Officer — Chief Executive Officer · Director
Period of report
Feb 16, 2017
Accepted (ET)
Feb 21, 2017 · 4:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001094392
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 16, 2017 | D | 1,667 | $21.80 | D | 330,405 | D | |
| Common StockF2 | Feb 16, 2017 | A | 26,425 | $0.00 | A | 356,830 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares withheld by Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units grants previously received by the Reporting Person.
- F2On January 27, 2016, the Compensation Committee of Rudolph Technologies' Board of Directors established targets for the award of performance-based Restricted Stock Units ("RSU's") such that the number of RSU's issued under the award would be contingent on the Company achieving certain revenue and non-GAAP operating income goals for fiscal year 2016 (the "Metrics"). Effective upon the receipt of the Company's 2016 audited financial results from its independent auditors, a final determination of the number of performance-based RSU's to be awarded was made based on achievement against the 2016 Metrics. The awarded performance-based RSU's are still subject to a service requirement such that the award shall vest with respect to twenty percent (20%) of the shares subject to the award (rounded down to the next whole number of shares) on February 16, 2017 and on each of the subsequent four (4) years vesting annually on January 27.